Comcast Co. (NASDAQ:CMCSA) Position Lessened by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 31.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 872 shares of the cable giant’s stock after selling 400 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Comcast were worth $38,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Everett Harris & Co. CA lifted its stake in shares of Comcast by 7.7% in the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after buying an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. lifted its stake in shares of Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after buying an additional 1,486 shares during the period. Altus Wealth Group LLC lifted its stake in shares of Comcast by 8.3% in the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after buying an additional 1,432 shares during the period. PFG Advisors lifted its stake in shares of Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after buying an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Comcast in the third quarter valued at about $8,868,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CMCSA shares. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Citigroup cut their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Evercore ISI restated an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.60.

Comcast Stock Up 0.2 %

NASDAQ:CMCSA opened at $38.20 on Thursday. The stock has a 50-day simple moving average of $41.39 and a 200 day simple moving average of $42.44. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The company has a market cap of $151.73 billion, a PE ratio of 10.11, a PEG ratio of 0.95 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same quarter last year, the firm earned $0.92 EPS. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal year.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.